Categories:
The three categories under which Innovation
will be awarded are - Business Innovation
(Products/Services, Business Model and Innovation
in social space by a business organisation) and
Social Innovation (innovation by
a social organisation). Public Services
Innovation (innovations by Central or State
governments or any wing of the government including
public-private partnership)
The guiding principles for selection of Awards
are transparent, Qualitative, Consistent and Fair.
A high profile jury consisting of India's most
respected and eminent personalities, will judge
the Innovations on the basis of its uniqueness,
sustainability and scalability through a rigorous
four-stage selection process.
For the purpose of evaluation of candidates,
and architecting the awards process, the Marico
Innovation Foundation involves Erehwon Innovation
Consulting's path-breaking innovation methodology
and framework. Erehwon has applied this methodology
successfully for innovation evaluation across
various platforms globally.
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Recognition:
The Award winners
will get felicitated in Mumbai in the presence of
industry stalwarts and some of the best innovators
in the country. Besides a cash prize of Rs 1 lakh,
the Foundation would also extend its illustrious
Governing Council's support as mentors to the winners
and a platform with VCs and angel investors.
Any Indian company, social
organization, government body and/or individuals
who have successfully conceptualized and nurtured
a brilliant idea, made it work and brought it
to market is eligible to participate.
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